753 Garfield Avenue

Pasadena, CA 91104

$1,425,000
Price
7
Beds
7
Baths
4,061 Sq. Ft.
$351 / Sq. Ft.
4,061
Sq. Ft.
$351
per Sq. Ft.

Description

Four large units with lots of upside potential. Front building is a 2 story bungalow style with two - 2 bedroom units. One has 2 baths. The other 1 bath. Rear building has two- 3 bedroom / 2 bath units with central air. Both rear units are owner occupied. 4 carports & 1 car garage detached. On two parcels of land. Offering 75 foot frontage. See plat map in supplements. Zoned RM12. Separate water heaters and gas /electric meters. Large basement used for storage. Some Copper plumbing. 2 units will...Four large units with lots of upside potential. Front building is a 2 story bungalow style with two - 2 bedroom units. One has 2 baths. The other 1 bath. Rear building has two- 3 bedroom / 2 bath units with central air. Both rear units are owner occupied. 4 carports & 1 car garage detached. On two parcels of land. Offering 75 foot frontage. See plat map in supplements. Zoned RM12. Separate water heaters and gas /electric meters. Large basement used for storage. Some Copper plumbing. 2 units will be delivered vacant.

Listing Agent

  1. Enrique Lizarazu

    Enrique Lizarazu

    Listing Agent

    Compass

    DRE #00691382

Property Details for 753 Garfield Avenue

Architectural Style
Bungalow, Contemporary
View
None
Parking Spaces Total
8
Private Pool
No
Cooling Type
Central Forced Air
Total Units
4.0
Lot Size Source
Assessor
Property Attached YN
true

Location

Listing Courtesy of COMPASS, Enrique Lizarazu, DRE #00691382
Add your commute
LISTING UPDATED: 04/19/2024 08:49 AM

Property Details for 753 Garfield Avenue

StatusPending
MLS #PF23032938
Days on Market315
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.25 AC / 11,043 SF
CountyLos Angeles County

Location

Listing Courtesy of COMPASS, Enrique Lizarazu, DRE #00691382
Add your commute

Building Information for 753 Garfield Avenue

Stories2Residences-Year Built1959Building Size-Lot Size0.25 AC / 11,043 SF

Payment Calculator

$8,251 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,777

Property Taxes

$474

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 753 Garfield Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $19,200
  • Gross Scheduled Income: $19,200
  • Vacancy Allowance: 576
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $18,624
  • Net Operating Income: $6,312
  • Gross Multiplier: 74.22
  • Cap Rate: 0.44
Expense Details
  • Operating Expense: $24,936
  • New Taxes Expense: $17,812
  • Insurance Expense: $2,204
  • Trash Expense: $2,100
  • Water Sewer Expense: $2,820
  • Total Expenses: $24,936
Tax / Assessment Info
  • Tax Tract Number: 4620
  • Tax Census Tract: 4620.01
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 12
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside, See Remarks
  • Fireplace Features: None
  • Cooling: Central Air
  • Heating: Central
  • Flooring: Laminate, Vinyl, Wood
Exterior Features
  • Roof: Composition, Flat, Shingle
  • Entry Location: living room
  • Foundation Details: Slab, Stone
  • Pool Features: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Additional Parcels Description: 5725022013
  • Lot Features: Lot 6500-9999, Rectangular Lot
  • Land Lease: No
  • Road Frontage Type: City Street
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Uncovered Spaces: 3
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 6000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 2550
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2450
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 1

Property History for 753 Garfield Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 753 Garfield Avenue

Taxable ValueLand$195,457Additions$198,010Total$393,467
Tax Record2023$5,689 ($474 / month)
Home Facts
Total Finished SqFt4,061 SqFtAbove Grade Finished SqFt4,061 SqFtLot Size9,341 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningPSR1CountyLOS ANGELESAPN5725-022-029

Schools near 753 Garfield Avenue

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Madison Elementary School
PublicK to 5

Octavia E. Butler Magnet School
Public6 to 8

John Muir High School
Public9 to 12

Odyssey Charter School - South
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COMPASS, Enrique Lizarazu, DRE #00691382

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.